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A Wave of Oil Pipeline Projects Is Late to the Permian Boom

  • More conduits in the works as oil boom shows signs of peaking
  • Companies are lowering fees to secure shipper business
Photographer: Krisztian Bocsi/Bloomberg
Updated on

It’s gone from a dearth to a glut of oil pipeline projects competing to serve slowing production growth in the Permian Basin.

Five new oil pipelines are set to open in the Permian Basin through 2021, expanding a gap between production and takeaway capacity that’s already forcing companies to cut fees and could mean lower profits and cutthroat competition ahead.